Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 774 mandates the use of surplus municipal and county revenue for ad valorem tax relief. It introduces a formula that accounts for population growth and inflation rates to calculate revenue limits, requiring surplus funds to be applied as tax reductions. It also sets annual tax rate caps linked to economic indicators, with specific provisions for debt obligations. The law takes effect January 1, 2025.
Author (1)
Contact the Author
Rep. Brian Harrison
Capitol Phone:
(512) 463-0516
Capitol Office:
EXT E1.414
E-Mail:
